Modest market gains ... United CEO promises investigation ... Airline quality
Posted April 10
NEW YORK — Energy companies led U.S. stock indexes to modest gains in afternoon trading as the price of crude oil headed higher for the fifth day in a row. The Standard & Poor's 500 index gained 5 points, or 0.2 percent, to 2,360 as of 2 p.m. Eastern Time. The Dow Jones industrial average rose 48 points, or 0.2 percent, to 20,704. The Nasdaq composite index added 11 points, or 0.2 percent, to 5,889.
The CEO of United Airlines' parent company says the airline is conducting its own investigation after police dragged a passenger from an overbooked United plane after he refused to give up his seat. United Continental Holdings CEO Oscar Munoz said in a statement that the incident, which was caught on video, is "upsetting to all of us here at United."
Researchers at Wichita State University and Embry-Riddle Aeronautical University have released their annual report on U.S. airlines' quality. The researchers used information compiled by the U.S. Department of Transportation. They judged Alaska Airlines to be the best U.S. carrier, followed closely by Delta. Frontier Airlines ranked last, followed by another discount carrier, Spirit Airlines.
An investigation has found that the problems at Wells Fargo and its overly aggressive sales culture date back at least 15 years. The bank's board of directors says in a report that management had little interest in dealing with the issue until it spiraled out of control, resulting in millions of accounts being opened fraudulently. The board also clawed back another $75 million in pay from two former executives.
Fox News has named Amy Listerman as its chief financial officer, the first woman to serve in that position. She will have the additional title of executive vice president of finance and accounting. The company says Listerman will oversee all financial operations for both Fox News Channel and Fox Business Network.